Corning Inc.(GLW) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Corning Inc.(GLW) closed at 26.87, down -0.47 or -1.72 % today. Based on our analysis, Corning Inc.(GLW) is in an uptrend but could lose its momentum.

The closing price of Corning Inc.(GLW) is above its 50 day moving average of 25.99 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Corning Inc.(GLW) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 30-May-2008, about 3 trading days ago.